On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.
BTF tracks the value of Chicago Mercantile Exchange (CME) Bitcoin futures.
Bloomberg analyst Eric Balchunas noted that in the first five minutes after the launch, the trading volume of BTF amounted to $10 million, which was $30 million for Proshares BTC ETF.
$BTF up and running with a healthy $10m traded in first 5min, $BITO is at $30m. You have to be happy with that spread if you are $BTF, will be tough to keep up tho pic.twitter.com/03b3PCEsTx
— Eric Balchunas (@EricBalchunas) October 22, 2021